PUBLISHER: The Business Research Company | PRODUCT CODE: 1458726
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458726
A portable dialysis machine is a medical device used for filtering the blood of patients with kidney damage, absence, or malfunction, performing a function typically carried out by the kidneys. These machines are smaller and sometimes portable, offering convenience to patients who require dialysis treatment at home.
There are two main types of portable dialysis machines those for home use and wearable dialysis machines. Home use machines are compact devices providing hemodialysis treatment to patients with end-stage kidney failure at home. They can perform various types of dialysis, including peritoneal dialysis and hemodialysis, and are used by hospitals, clinics, and for home care.
The portable dialysis machines market research report is one of a series of new reports from The Business Research Company that provides portable dialysis machines market statistics, including portable dialysis machines industry global market size, regional shares, competitors with a portable dialysis machines market share, detailed portable dialysis machines market segments, market trends and opportunities, and any further data you may need to thrive in the portable dialysis machines industry. This portable dialysis machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The portable dialysis machines market size has grown rapidly in recent years. It will grow from $18.35 billion in 2023 to $20.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The historic growth of the dialysis market can be attributed to several factors. Firstly, advancements in dialysis machine technology have improved treatment efficacy and patient comfort. Secondly, the increasing prevalence of chronic kidney disease (CKD) has driven up demand for dialysis services. Thirdly, there has been a growing preference for home healthcare solutions, which offer convenience and cost savings for patients. Fourthly, improvements in patient quality of life, including better management of symptoms and reduced treatment side effects, have contributed to the market's growth. Lastly, government initiatives aimed at improving access to dialysis services, such as reimbursement programs and funding for dialysis centers, have also played a role in driving market expansion.
The portable dialysis machines market size is expected to see strong growth in the next few years. It will grow to $26.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The forecasted growth is fueled by several factors, including the increasing aging population, the uptick in end-stage renal disease (ESRD) cases, the rising emphasis on personalized medicine, the expansion of telemedicine and remote monitoring, and the adoption of emerging markets. Key trends in the forecast period encompass the miniaturization and portability of devices, the integration of smart monitoring features, improved connectivity with healthcare providers, the advancement of wearable dialysis devices, and a heightened focus on sustainable and eco-friendly solutions.
The portable dialysis machines market is poised for growth due to the increasing prevalence of renal illnesses, also known as kidney diseases. These conditions impair the kidneys' ability to filter waste products, regulate blood pressure, and maintain overall health. Portable dialysis machines play a crucial role in treating renal illness, especially in managing chronic kidney disease and end-stage kidney failure. They filter a patient's blood to remove excess water and waste products when the kidneys are damaged, dysfunctional, or missing. For instance, a report by Kidney Research UK in June 2023 indicated that over 7.2 million people in the UK, accounting for over 10% of the population, currently live with chronic kidney disease. This number is projected to increase to 7.61 million by 2033. This escalating prevalence of renal illnesses is a major driver behind the growth of the portable dialysis machines market.
In the portable dialysis machine market, major companies are focusing on introducing technologically advanced solutions to enhance profitability. These solutions, such as next-generation digital health modules, serve as clinical management resources to help retain patients on home dialysis by identifying potential therapy complications. For example, Baxter International launched Sharesource Analytics 1.0 in June 2021, a next-generation digital health device for home-based peritoneal dialysis (PD). This module is designed to support patients on home dialysis by identifying potential therapy complications. Sharesource Analytics 1.0 leverages Baxter's Sharesource remote patient management platform to improve the clinical management of home dialysis patients.
In January 2022, NextKidney BV, a medical devices company based in the Netherlands, acquired Dialyss Pte Ltd. for an undisclosed sum. This acquisition enables NextKidney to accelerate the development of Neokidney and solidify its position in the home dialysis market. Dialyss Pte Ltd., headquartered in Singapore, specializes in developing wearable portable dialysis machines.
Major companies operating in the portable dialysis machines market report are Abbott Laboratories, Fresenius Kabi AG, Medtronic PLC, Siemens Healthineers AG, C.R. Bard (Becton), Baxter International Inc, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Nikkiso Co., Cantel Medical, Allmed Medical Products Co. Ltd., NxStage Medical Inc., AngioDynamics, Medivators Inc., Outset Medical Inc., Outset Medical, Rockwell Medical, SWS Hemodialysis Care Co. Ltd., Zylox Medical Devices, DEKA Research & Development Corporation, Biolight Co. Ltd., Quanta Dialysis Technologies Ltd., Medcomp, AWAK Technologies, Toray Medical Co. Ltd.
North America was the largest region in the portable dialysis machines market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the portable dialysis machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the portable dialysis machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The portable dialysis machines market consists of sales of dialyzers, blood tubing, pumps and monitors, dialysate solutions, and filtration systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Portable Dialysis Machines Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on portable dialysis machines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for portable dialysis machines? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The portable dialysis machines market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.